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Are you trying to decide whether buying silver bullion as an investment is a good investment or not?

Just like gold, silver has become a key investment to safeguard investors’ wealth and retirement savings over the past decade.

Important Notice!
Before we go more in-depth on this topic, we know that choosing a precious metals IRA company is an important financial decision that can impact your financial future for years to come.

Our goal is to provide you with the most accurate and reliable information to help you identify the best option to grow and protect your wealth today.

With careful and extensive research, we have reviewed and rated the 6 best precious metals IRA companies of 2023 to help make your decision easier!

>>See our list of the 6 top precious metals IRA companies (cash sales also available).
Also, check out a time-limited special promotion from our #1 recommended company!

For a limited time, they are offering up to 10% of your order in FREE silver! Meaning that if you purchase metals for $100,000, you get $10,000 in FREE silver!

>>Learn more about this special promotion here!<<

Rating Overview From The Same Company:
  • Free Storage for Non-IRA Precious Metals
  • Biggest Promotions in the Industry
  • Unmatched Customer Service
  • No High Pressure Sales Tactics
  • Outstanding Ratings & Customer Reviews
  • FREE and Easy IRA & 401(k) Rollovers
  • A+ BBB Rating and AAA BCA Rating
  • Highest Buy-Back Guarantee
  • 2021 Company Of The Year Award

Getting back to buying silver bullion as an investment…

With an existing inflation rate of over 8.5%, it’s now more important than ever to move your money to physical assets that will not tank when the dollar does.

So, in this post, we will explain why buying silver bullion as an investment is a great idea. And why any investor should add this precious metal to their portfolio.

Buying Silver Bullion As An Investment: Skyrocket Your Wealth!

Image Source: Goldco

Let us start by answering the question of whether silver is worth buying as an investment.

Is Silver Worth Buying As An Investment?

Yes, silver is worth buying as an investment and can help you diversify and skyrocket your portfolio.

Investing in silver is growing in popularity, and there are a number of reasons for that, including:

  • The price of silver will continue to rise
  • Silver is more affordable than gold
  • The growing industrial usage of silver makes it a valuable asset to hold
  • Silver correlates positively with inflation
  • Demand for silver as an investment continues to grow
  • Silver’s supply is declining, which could drive the silver price up significantly
  • Its tangible nature offers safety and security
  • Silver is real money and a physical asset you can hold

Silver Preserves Wealth And Hedges Against Inflation

In contrast to stocks that historically offer the highest returns, precious metals are great at preserving wealth over longer durations and tend to keep their value over inflation.

Besides, investing large parts of an investment portfolio in stocks is not recommended for anyone who wants to withdraw their money in less than five years.

More specifically, silver is an excellent investment for people who want to protect their wealth with a physical asset that never loses its value.

Unlike paper investments, gold and silver are seen as safe haven for investment during market instability and provide financial insurance.

In addition, because silver is more affordable than gold, it is a good alternative for people that do not want to spend as much money or may not have as much to invest.

Now, that you know why it is worth investing in silver, let us take a look at whether you can make money investing in silver next.

Can You Make Money Investing In Silver?

Yes, you can make great gains by investing in silver. According to financial adviser and journalist, Avi Gilburt, silver will get to $1,000 via a long-term bull run.

Avi means that due to the existing 2021-2022 financial crisis, both gold and silver prices are expected to rise but silver even more. This, since the price of silver, is historically more mobile than the price of gold. Besides, silver’s price moves quickly, so in bull markets, it will soar much further and faster than gold.

1. Shortages In Silver Pushes Prices Up

The increasing interest in silver coins and bars has led to shortages around the world.

Generally, it has become a lot harder to find silver bullion, which will lead to rising silver prices and skyrocketing portfolio growth.

On top of that, COVID-19 has also been a major factor in slowing down or stopping the production of silver coins at various mints.

And the next year, we could see even more shortages in silver coins. This means that both the silver price and the premiums paid on silver coins are likely to rise.

2. Industrial Demand For Silver Is Growing

Did you know that silver is the key metal in the production of solar panels?

And the demand for solar power is expected to increase 20-fold by 2030, making silver a valuable asset.

Especially, when the focus on renewable energy is increasing day by day.

All in all, the industrial demand for silver will always be high.

For instance, in-demand consumer products such as cell phones, laptops, cameras, mirrors, batteries, and monitors all contain silver.

3. Silver Is More Affordable

The affordability of silver makes it one of the most undervalued assets on the market.

Not only is this metal more affordable for the average person, but as a precious metal, it will help maintain your standard of living as good as gold.

Besides, with a legit bullion dealer, like Goldco, Augusta Precious Metals, Birch Gold Group, or Red Rock Secured you can always liquidate and get the best price for your silver or gold bullion. They all offer buy-back programs if you want to sell your metals.

If you are still not convinced if silver is a good investment for you, check out 10 reasons why you should invest in silver.

With that being said, let us look at what affects silver prices next.

What Affects Silver Prices?

First of all, what affects silver prices is the continuously growing market and demand for silver.

In fact, the silver market is estimated to be in the hundreds of billions of dollars.

Second, only a portion of the world’s global silver supply is turned into coins and bars.

Much of the silver supply continues to be used in industries, such as:

  • Electronics
  • Solar panels
  • Jewelry
  • Silverware
  • Food processing
  • Medicine

The potential for a shortage of metal comes from increased industrial consumption, mint stoppages because of COVID, and investors that are looking for ways to safeguard their money.

So, these factors combined are putting pressure on the global silver supply and driving silver prices.

Silver IRA: The Best Way To Invest In Silver

The best way to make money investing in silver is to open a silver IRA or a precious metals IRA.

When investing in a precious metals IRA, you can choose to only invest in silver or combine gold and silver and other precious metals.

Best of all, you can take advantage of a secret IRS tax loophole, meaning that you can invest after-tax dollars, accrue gains tax-free, and take distributions tax-free as long as you are 59½ years or older.

Also, if you open a precious metals IRA with Goldco, you’ll get up to $10,000 in FREE silver!

Get up to $10,000 in FREE silver when opening a gold IRA

Who can beat that?!

So, if you’re looking to diversify your portfolio, and protect and grow your wealth, investing in silver could be one of the best ways to do just that.

Especially, with the economy on the verge of a double-dip recession, where paper assets are losing their value.

The future is bright for silver, hence why many investors are getting their hands on this asset while they still can.

So, what are you waiting for?

>>Request the FREE precious metals IRA guide today, and learn everything you need to know about investing in gold and silver!

Free gold investing kit

About the Author

Stina is an entrepreneur who's passionate about personal finance, investing, and digital marketing. She's been a writer in this space for over a decade.

Frequently Asked Questions & Answers

Is investing in precious metals a good idea?

We believe it is. Throughout history, gold and silver prices have moved in the opposite direction of paper assets and can, therefore, provide a good hedge against inflation. Past performance doesn’t guarantee future gains, but the numbers show that the weaker the dollar has become in the past, the better gold generally has performed. In fact, the relationship between gold and the dollar is often seen as an inverse one.

Why starting a gold IRA?

Traditional IRA accounts may not be enough to provide for you and your loved ones, post-retirement. Not if the economy remains as uncertain as it has looked recently.
For eons, investors have looked to gold to help them potentially offset losses due to economic turmoil. A gold IRA or precious metals IRA permits you to diversify a portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within a retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.

Should I invest in physical gold, futures options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

When investing in a gold IRA, you will get the same tax benefits as a traditional IRA, while actually owning physical gold coins or gold bars.

Do my precious metals have to be bars or can they be coins?

While some coins can be included in precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. You can be certain that a reputable gold IRA company offers a variety of metals for IRAs within IRS guidelines.

Can I choose any custodian and storage company to store my metals?

Yes. While established gold IRA companies often recommend Equity Trust as their preferred custodian and Delaware Depository for storage, you can choose your own custodian and storage companies.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access. In other words, just like a traditional IRA, the access to the precious metals in your precious metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Are the values of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. But we believe physical precious metals are your safest bet to hedge against a stock market crash, inflation, and the debasing of the dollar.

When will I be eligible for distributions from my gold IRA?

At age 59½, you or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.

How long does it take to rollover a traditional IRA into a gold or silver IRA?

Usually around two-three weeks, although each application is different and the amount of time varies on a case-by-case basis.

What is the advantage for customers to set up an IRA with a gold IRA company as opposed to going to the custodian and setting it up with them?

The customers will receive top-notch service and specialized account setup knowledge provided by the gold IRA company’s IRA Processing Department throughout the process from start to finish. They do 95% of the paperwork with them. Customers can feel safe knowing they will be kept up to date every step of the transfer process by daily calls or e-mails from the IRA Processing team with any gold IRA company listed on How To Invest Gold. These companies also often provide lifetime account support.

What is Augusta Precious Metals?

Augusta Precious Metals is a premium provider of precious metals products and services, with a specialty in gold and silver IRAs. The company’s reputation of a customer-first approach to sales, service and education is well-known throughout the retirement investing community. Augusta has received ZERO complaints at either the BBB or BCA since opening its doors in 2012 – and has received thousands of 5-star reviews across the most popular consumer rating platforms. And here’s a big reason for all the excitement: Augusta offers the most competitive, transparent pricing in the industry, underscored by its price-match guarantee on all coins.

Additionally, Augusta will waive fees up to 10 years for new customers (a special – ask how many years you qualify for). As much as all that is, Augusta Precious Metals offers much more to hard-working retirement savers, including a free one-on-one educational web conference designed by the company’s on-staff Harvard-trained economist. This is the same web conference attended anonymously by hall of fame quarterback Joe Montana that convinced him to become an Augusta customer. Mr. Montana’s personal financial advisors found the company for him after researching all the gold IRA companies in the U.S.! Read the full review of Augusta Precious Metals in section: Reviews.

What is Goldco?

Goldco is one of the leading providers of precious metals IRAs, and its IRA & 401(k) rollovers are easy and painless. They pride themselves in customer service and the ability to help individuals diversify their retirement accounts and skyrocket their wealth.

Goldco has an A+ rating by the BBB, and Inc. magazine ranked Goldco the 528 in its 35th annual Inc. 5000, a list of the nation’s fastest-growing private companies. With Goldco, any investor can buy precious metals outright, even if they specialize in precious metals IRAs.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs

Best Gold IRA Companies

Gold IRA & Alternative Assets Companies We Recommend

There has never been a better time to invest in gold, silver, and alternative assets (cryptocurrencies like Bitcoin or Ethereum) than today. With the ease of setting up a gold IRA or crypto IRA, you can go from worrying about inflation and what that would do to your retirement savings to complete confidence in the security of your wealth.

But choosing the right precious metals company to invest with can be extremely difficult unless you know what to look out for.

When reviewing gold IRA and crypto IRA companies it’s critical to compare the ratings and reviews by looking at independent authority sources. We look at the scores given by using 5 independent rating sources that include the Better Business Bureau, Business Consumer Alliance, TrustLink, TrustPilot, Ripoff Report, and more.

We have looked into:

As well as the best online gold and trading company BullionVault.

About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

We are happy to answer all your questions

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